Apollo Tyres expects its exports to rise to 20% of sales by the first quarter of 2010/11 from around 12% now as a new plant comes onstream in December, its managing director said on Wednesday.
Neeraj Kanwar also said the new plant in Chennai and expansion in other plants would increase the domestic..

Apollo Tyres reported good Q2 numbers on expansion of its operating profit margin and a lower-than-expected interest cost.

To factor in the higher- than-expected volume growth and better profitability, we revise our net profit estimates upwards for FY2010 and FY2011 by 5% and 17% respectively.